AIOT is being excessively hyped – a clear short opportunity!

Recently, AIOT has pumped strongly in an unusual manner, with a sudden spike in volume but no clear technological foundation, an ambiguous team, and a lack of transparency in tokenomics. In my opinion, this is a typical sign of a short-term FOMO, and it is highly likely that it will dump significantly in the near future.

The chart is showing signs of a bearish divergence, RSI is overbought, and buying pressure is starting to weaken. The current resistance zone is being tested continuously but has not been broken. This is a clear signal for a reasonable short entry.

I have entered a light short position at the $x.xx level, with a careful stop-loss and take-profit set according to each support level. You guys can consider it but remember to manage your capital and don’t FOMO with the crowd.

It's not that I hate AIOT coin, it's just that looking at the data and market behavior, shorting at this point is more reasonable than holding.

DYOR! This is not investment advice.

Your money is yours, invest wisely.

#AIOT #ShortAIOT #CryptoVN